According to monitoring by Onchain Lens, Hyperliquid Labs has completed a 7-day unstaking process for 3.75 million HYPE tokens, valued at approximately $330 million, which have now been transferred to the team’s spot account. These tokens will not be sold on the open market but will instead be allocated based on an OTC (over-the-counter) agreement previously reached with an undisclosed institution. So far, 1.875 million HYPE tokens have been transferred to 5 OTC buyer wallets, with each wallet receiving 375,000 tokens, completing 50% of the total allocation. https://www.(wublock123.com)/news/hyperliquid-labs-330m-hype-otc-distribution-half-tokens-allocated-69691